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  • Definitive Feasibility Study imminent for the Leonora Gold Project in WA

  • Strategy based on low-CAPEX development

  • Outstanding potential to grow Resource base and future production rate

An Emerging WA Gold Producer with Outstanding Growth Potential

Mining 2017 Resources Convention, August 2017: Don Harper - Managing Director and CEO

Disclaimer

Disclaimer

  • This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own examination of Kin Mining NL and consult their own legal, business and/or financial advisers.

  • The information contained in this presentation has been prepared in good faith by Kin Mining NL, however no representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation. To the maximum extent permitted by law, Kin Mining NL, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted from this presentation.

    Forward-Looking Statements

  • Certain information in this document refers to the intentions of Kin Mining NL, but these are not intended to be forecasts, forward looking statements or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Kin Mining NL's actual results, performance or achievements to differ from those referred to in this announcement. Accordingly, Kin Mining NL, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in this announcement will actually occur as contemplated.

    ASX Chapter 5 Compliance and Pre-Feasibility Study Cautionary Statement

  • The information and production target presented in this announcement is based on a Pre-feasibility study ("PFS"). The PFS has been conducted to determine the potential viability, and optimum pathway to production, of an open pit mining operation and CIL processing

    route for the Leonora Gold Project ("the Project"). The results of the PFS have been sufficient for the Company to reach a decision to proceed to a Feasibility Study for the Project.

  • The Company has concluded that it has a reasonable basis for providing the forward-looking statements and forecast financial information included in this announcement. The detailed reasons for that conclusion are outlined throughout this announcement and all material assumptions, including the JORC modifying factors, upon which the forecast financial information is based are disclosed in this announcement and in Table 1 Annexure A. This announcement has been prepared in accordance with the JORC Code (2012) and the ASX Listing Rules.

  • The Company advises that the PFS results, production targets and forecast financial information contained in this announcement are preliminary in nature as the conclusions are based on medium-level technical and economic assessments, conducted to an overall level of accuracy of +/- 25%, and are insufficient to support the estimation of Ore Reserves or to provide an assurance of economic development. The Company cautions that there is no certainty that the forecast financial information derived from the production targets will be realised.

  • The production target referred to in this announcement is based on Mineral Resource estimates which are classified as Indicated (64%) and Inferred (36%). The early sequence of mine production targets for the first two years has a ratio of 82% to 18% of Indicated to Inferred Mineral Resources respectively. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target itself will be realised.

  • The stated Production Target is based on the Company's current expectations of future results or events and should not be relied upon by investors when making investment decisions. Further evaluation work and appropriate studies are required to establish further confidence that this target will be met. The Company believes it has a reasonable ground for reporting the results of the PFS based partially on Inferred resources due to the availability of historical production and successful mining studies completed to date.

  • If the Inferred resources within the open pit designs is excluded, the preliminary economic analysis still forecasts a positive financial performance, based upon the PFS assumptions, by processing of only the current Indicated Mineral Resources. The Company therefore is satisfied that the use of Inferred Mineral Resources in the production target and forecast financial information is not the determining factor in overall Project viability and that it is reasonable to report the PFS including the Inferred Mineral Resources.

  • The PFS outputs contained in this report relate to 100% of the Project. Unless otherwise stated all cashflows are in Australian dollars, are not subject to inflation/escalation factors and all years are calendar years.

  • The Company believes it has a reasonable basis to expect to be able to fund and complete the proposed feasibility study and then fund and develop the Project. However, there is no certainty that the Company can raise funding when required. The outcomes of the Pre-Feasibility Study at the LGP, confirmed the potential for Kin to become a low-risk, high-margin gold producer. Gold production is targeted for mid-2018.

  • Please refer to the announcement dated 15 December 2016 titled "PFS Confirms Leonora Gold Project as a High Margin Project". Furthermore the Company confirms in accordance with the PFS announcement lodged on 15 December 2016 that all the material assumptions underpinning the annual production targets as provided in that Report continue to apply and have not materially changed.

    Competent Person's Statement

  • The information contained in this report relating to exploration results and resource drilling was compiled or reviewed by Mr. Paul Maher who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) and Mr. Simon Buswell-Smith who is a Member of the Australian Institute of Geoscientists (AIG). Both are employees of the company and fairly represent this information. Mr. Maher and Mr. Buswell-Smith have sufficient experience of relevance to the styles of mineralisation and the types of deposit under consideration, and to the activities undertaken to qualify as Competent Persons as defined in the 2012 edition of the "JORC Australian code for reporting of Exploration Results, Mineral Resources and Ore Reserves". Both consent to the inclusion in this report of the matters based on information in the form and context in which it appears.

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    Kin Mining - An Overview
    • Developing and exploring the 100%-owned Leonora Gold Project, WA

    • 721,000oz JORC Resource with update imminent
    • Strategy based on rapid, low-cost production with ability to grow quickly through exploration success

    • Target production rate +50,000oz p.a.*

    • Definitive Feasibility Study and maiden Ore Reserve - current quarter
    • Outstanding potential to grow Resources, mine life and production

      LEONORA GOLD PROJECT

    • Recent high-grade primary gold discoveries underpin strategy to expand the project

    • Outstanding discovery potential below oxide pits: large mineralised shear systems emerging below supergene resources at Cardinia

AN EMERGING WA GOLD PRODUCER WITH OUTSTANDING GROWTH POTENTIAL

*Refer ASX Announcement, 15 December 2016

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Corporate Overview

Market Capitalisation

~$58M at $0.35

KIN Mining NL - Share Price as at 28 August 2017 Shareholders

Board of Directors

Ordinary Shares on

Issue (28 August 2017)

Options

(31 August 2017)

167.3M

5.9M

@ $0.20/share

Options

(31 March 2018)

Options

(10 April 2020)

12.2M

@ $0.40/share

5.0M

@ $0.27/share

Cash in Bank*

$6.6M * As of 30 June 2017

Trevor Dixon

Non-Executive Chairman

(Businessman +35 years experience)

Don Harper

Managing Director and CEO

(Mining Engineer +25 years experience)

David Sproule

Non-Executive Director

(Metallurgical Engineer +30 years experience)

Joe Graziano

Non-Executive and Company Secretary

(Businessman +35 years experience)

TIGHT CAPITAL STRUCTURE, STRONG SHAREHOLDER BASE, EXPERIENCED BOARD AND MANAGEMENT TEAM

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Kin Mining NL published this content on 28 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 August 2017 01:47:02 UTC.

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